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    • Raza replied Oct 18, 2011

      1.3880? or is it 1.3780.. With this fresh low...same levels in play again..1.3723 being the resistence..looks like this ping pong may continue before a real move. BULLISH DIVERGENCE SETTING UP AGAIN ON 15 MIN AND OF COURSE ON 4 HR...with ferocious ...

      Spider's Den
    • Raza replied Oct 18, 2011

      LOL... Actually I had been successfully scalping the opposite way all day today..I should not do that... I missed my shorting enrty for swing from 1.3785... cause I was away from PC...so did some revenge trading, which is a wrong way of trading. ...

      Spider's Den
    • Raza replied Oct 18, 2011

      I think this thing is NOT done doing what it is supposed to do... Thats why we cannot get a solid level.. Our previous support level was 1.3523...so lets +10 pips to it...that level should not get tested in first attempt...IMO... Sorry to hear that ...

      Spider's Den
    • Raza replied Oct 18, 2011

      exactly.. Is this going back to where it came from...lol....We may develop a Bull flag on higher Tf later?( doesn't seem possible) 1.3726 is the MID. 1.3784 is resistence and gate to 1.3843.

      Spider's Den
    • Raza replied Oct 18, 2011

      Nice Double bottom... confirmation for Bull @ 1.3723...if above, target 1.3783..(FIB RESISTENCE @ 1.3757) 4 hr looks promising for upmove. Given 1.3656 holds ofcourse...and for down side 1.3641 wants to be tested if 1.3684 breaks.

      Spider's Den
    • Raza replied Oct 14, 2011

      Pleasure .. & Congrats everyone. 1.3798 is support now.... If above 1.4011 donot short this Confirmation limit for Bullishness @ 1.4051 not 1.4050 ( 1pip makes a difference). 1.4050 is the Bulls limit and Bear territory starts there....above 1 pip ...

      Spider's Den
    • Raza replied Oct 14, 2011

      Ok I have several confirmations for 1.4011... let me show you from wave perspective. This is a fourth wave of this 5 wave structure...to the best of my knowledge. So we may have a double correction or even triple. Wxy..X...wxy ..Xx..Wxy..Z.. Give me ...

      Spider's Den
    • Raza replied Oct 14, 2011

      yup 1.4011...in the picture. what is the support you got short term to nullify this Bullishness... 1 hr wave structure has no limits..ATM...longer version of this wave could take Us back to 1.4929. that is - 10 pips from last HIGH!

      Spider's Den
    • Raza replied Oct 13, 2011

      Thanks Egkid, In a rush just posting a quick chart without detailed labelling... FOR FAILURE WAVE LIMIT IS 1.3802- 06 Mercy..You commentry helps a lot of folks here..Appreciated!

      Spider's Den
    • Raza replied Oct 13, 2011

      This is what I was saying earlier... url But I think This B.S may retrace down the whole move UP... Again the Question is what the Daily candle will become.

      Spider's Den